Need help please!!!!!!!

Tami would like to withdraw $10,364.10 at the end of each year, for 10 years, from an account paying 2.3% compounded annually. D

lianna [129]

Answer:

Answer:

Option c -$91,651.92

Step-by-step explanation:

Given : Tami would like to withdraw $10,364.10 at the end of each year, for 10 years, from an account paying 2.3% compounded annually.

To find : Determine the amount needed in the account for Tami to do this.

Solution :

We apply the present value formula to get the amount,

Where, PV is the present value ,the required amount

P is the principal P=$10,364.10

r is the rate r=2.3% annually, r=0.023

n is the time n=10 years

Substitute in the formula,

Therefore, The amount needed is $91651.92.

Hence, Option c is correct.

Read more on Brainly.com - brainly.com/question/3432251#readmore

Step-by-step explanation:

3 0

3 years ago

To estimate the average annual expenses of students on books and class materials a sample of size 36 is taken. The sample mean i

Elena L [17]

Answer:

C) $826.82 to $873.18.

Step-by-step explanation:

Sample mean (M) = $850

Standard deviation (s) = $54

sample size (n) = 36

Z for 99% confidence interval (Z) = 2.576

The confidence interval is determined by the following relationship:

$M \pm Z*\frac{s}{\sqrt{n}}$

Applying the given values, the lower (L) and upper (U) values are:

$850 \pm 2.576*\frac{54}{\sqrt{36}}\\L=\$826.82\\U=\$873.18$

The answer is C) $826.82 to $873.18.

6 0

2 years ago

Find the value of 7 then what is the value of the expression -3b2+25

Mice21 [21]

-147 +25 = 122 i am pretty sure this is right but i might be wrong

6 0

2 years ago

Jamal will slice a right circular cylinder into two congruent pieces. Which two dimensional plane sections could result from the

GarryVolchara [31]

Answer:

An ellipse and a rectangle.

Step-by-step explanation:

If Jamal cuts the right circular cylinder anywhere but its extremities, the resulting shapes on both pieces will be an ellipse.

If he cuts precisely in a perpendicular way in relation to the ends, he will then form two new right circular cylinders, then the ellipses obtained would be circles.

If Jamal cuts the right circular cylinder lengthwise, going from one end to the other, even if it's not perpendicular to the base, he will obtain a rectangular shape.

5 0

3 years ago

Use the Law of Cosines to find the specified missing value. Approximate your answer to the nearest tenth.

Ne4ueva [31]

The angle is 40.4°. I wrote it out since it's easier to see with a picture

6 0

3 years ago